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May 16, 2014: It was unimaginable for 12-year old Terrelle Jack to get up and speak in front of a crowd, but on the day of ARROW Foundation’s recently held graduation ceremony, Terrelle mustered up the courage to get up on and address his schoolmates. It was a moment he will never forget.

Terrelle praised the ARROW programme for helping him read and spell better. “It felt good, it was something I wanted to do for a long time,” he said.

The Unit Trust Corporation recently hosted an executive luncheon for members of the business media fraternity at Jaffa at the Oval. UTC Chairman Wendell Mottley, UTC Executive Director Ian Chinapoo and executives got the opportunity to meet key business journalists and share insights on a diverse range of topics. Here, we share some photos from the event

November 7, 2013: The Unit Trust Corporation (UTC), in operation for more than 30 years, is one of the largest financial services providers in Trinidad and Tobago. The UTC works closely and cooperatively with the Central Bank of Trinidad and Tobago. Both the Central Bank and the Ministry of Finance are represented on the UTC’s Board of Directors, in accordance with the Unit Trust Corporation of Trinidad and Tobago Act of 1981. Read More

November 5th 2013: As part of our ongoing commitment to our unit holders, Unit Trust is streamlining its operations to meet market changes, by pursuing opportunities that not only enhance our competitiveness but complement our Unitholders’ investment strategies.

For some time now, the Corporation’s Cayman Islands registered funds which comprises the Asia Pacific Fund, the Latin American Fund, the European Fund, the Global Bond Fund and the Energy Fund, have been severely affected by global economic challenges and have not performed up to expectations. In addition after five years of operation the Funds have not grown sufficiently to be able to sustain their full operating costs, having only attracted 902 investors who hold less than US$6million in the five funds combined. This is in comparison to the Growth and Income Fund, which has over 235,000 investors who hold investments of over TT$4 billion in the fund. In light of this, the Board has taken the decision to close these particular Cayman Funds. Read More

On October 2nd 2013, the Unit Trust Corporation undertook an emergency evacuation that was triggered by the fire alarm at the Port of Spain Head Office.

Smoke was seen emanating from the northern side of the basement following a power outage and subsequent power surge.

In keeping with our safety procedures, the emergency services were alerted and following rigorous inspection of the building by the Trinidad and Tobago Fire Service and T&TEC, the officers advised it was safe to enter the building.

August 15th 2013: The Unit Trust Corporation in pursuit of its commitment to education and youth development recently partnered with The Cotton Tree Foundation at its annual vacation camp, themed “Healthy Bodies, Healthy Minds.”

August 5th 2013: The Unit Trust Corporation, in its continued commitment towards community development and cultural enrichment, has once again partnered with the Tobago Heritage Festival by supporting the Canaan/Bon Accord Village Council in its production “It takes a Village to raise a child.” The UTC made a tangible contribution of $35,000.

UTC’s Executive Director, Ian Chinapoo, in his address, endorsed this year’s theme “Community Treasures: Reflections, ” stressing that “honouring our history forces us to refocus our attention on the importance of community togetherness and the inherent belief that communities help foster the growth of its human treasures – its people.”

Please click here to view the 2012 Annual Report

Retirement planning can be more intimidating than any other personal finance topic. And with good reason: picture yourself at the end of your working years with family in tow and you are able to keep the lifestyle you had enjoyed during that period. You are well equipped financially to handle all your expenses, treat yourself to some fine dining and take Mrs. Retiree on that long transatlantic cruise you promised when you were still working.